Whelan Financial Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Whelan Financial grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,851 shares of the e-commerce giant's stock after acquiring an additional 1,573 shares during the period. Amazon.com accounts for approximately 0.7% of Whelan Financial's investment portfolio, making the stock its 15th biggest holding. Whelan Financial's holdings in Amazon.com were worth $1,722,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the fourth quarter valued at $25,000. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter worth approximately $35,000. Finally, Perritt Capital Management Inc grew its stake in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at approximately $96,664,732.58. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $0.94 during mid-day trading on Tuesday, reaching $205.71. The company had a trading volume of 33,063,184 shares, compared to its average volume of 41,934,394. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company's 50-day moving average price is $190.68 and its 200-day moving average price is $208.63. The firm has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.20, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the business posted $0.98 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AMZN shares. Benchmark restated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Maxim Group raised their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. Finally, Royal Bank of Canada lowered their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.57.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.